Growth in the real estate market is slower than in the previous two years, but northern district officials have seen strong signs of an increase in the number of buyers, according to an article on realestate.com.au.
"The market has stabilized. It's not like two years ago, but it's not a fall either. He's equalized, "said Betty Ockerlander of the McGrath-Epping Real Estate Agency.
The late Chinese New Year and the uncertainties caused by the royal banking commission contributed to the sluggishness of the market at the beginning of the year. Last month, however, the number of buyers began to increase.
Ockerlander and another McGrath-Epping agent, Omid Sayehban, auctioned a new four-bedroom house at 15A Wycombe St, Epping on election day in New South Wales.
Two of the three listed bidders raised the selling price to $ 2.09 million, which is higher than an undisclosed reserve.
Buyers are back after being removed from the market for some time, according to Stefon Bertram of the McGrath-Ryde Real Estate Agency.
"From October to January, there were very few transactions, but now, transactions have started again, people are watching this and getting on board," said Bertram.
In another transaction, a renovated three-bedroom house located at 18 Santarosa Ave, Ryde, was sold after an auction for $ 1.47 million.
Bertram stated that the seller had decided to wait for the buyers' arrival after the goods originally auctioned had been sold, while the auction was maintained at $ 1.385 million. .
The property was then put on the market to be sold with a buyer's guide of $ 1.45 million to $ 1.5 million.
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